KESKO CORPORATION STOCK EXCHANGE RELEASE 21.12.2007 Kesko to sell K-Rahoitus to OKO Kesko Corporation and OKO Bank plc have today signed an agreement by which OKO Bank acquires the share capital of K-Rahoitus Oy, a subsidiary wholly owned by Kesko. The purchase price is estimated at about 30 million euros. The final price will be established based on the amount of equity at the closing of the transaction, plus a fixed amount of goodwill. When the deal is concluded, Kesko will recognise a non-recurring gain on the disposal of about 10 million euros. The cash flow impact of the financial liabilities repaid to Kesko in connection with the conclusion of the transaction is about 240 million euros. The transaction will be concluded after clearance from the authorities during the first part of 2008. K-Rahoitus Oy provides financing services to business customers, mainly to professional customers of Kesko Agro, Konekesko and the agricultural retailers in Finland, Estonia, Latvia and Lithuania. The company has 7 employees in Finland and 15 in the Baltic countries. The whole personnel will transfer to the new employer. The divested company will continue operating normally after the change of ownership. OKO Bank has undertaken to sign new agreements with K-Rahoitus' business partners, corresponding to the existing cooperation agreements. They will enable the existing customers and business partners to continue cooperating with K-Rahoitus without any interruptions or disturbances. In line with its strategy, Kesko will concentrate on its core business, namely consumer-customer retailing and services. The deal that was signed today will improve the consolidated balance sheet structure. The deal is part of the extensive cooperation between Kesko and the OP-Pohjola Group started in 2006, which comprises card development, transfer of payments, cash management and customer financing. Further information: Arja Talma, Senior Vice President, CFO, Kesko Corporation, tel. +358 1053 22113 Heikki Ala-Seppälä, Group Treasurer, Kesko Corporation, tel. +358 1053 22528 Kesko Corporation Paavo Moilanen Senior Vice President, Corporate Communications DISTRIBUTION Helsinki Stock Exchange Main news media Kesko is a Finnish retail specialist whose stores offer quality to the daily lives of consumers through valued products and services at competitive prices. Kesko has about 2,000 stores engaged in chain operations in the Nordic and Baltic countries, and Russia. OKO Bank plc is a Finnish financial services company that provides banking, investment and non-life insurance services. OKO Bank is one of Finland's leading players both as a commercial bank and non-life insurance company. OKO Bank Series A shares have been quoted on the Helsinki Stock Exchange since 1989. There are some 30,000 shareholders. From 1 March 2008, OKO Bank plc's corporate name will be Pohjola Bank plc.